#Bullion

[kedreeva]

Preserving foods for later- dark sweet cherries and chicken bullion.

[chasingrainbowsforever]

~ Gold ~

[gentlemanmotorslifestyle]

[santaiscoming]

[xiiiixvii]

[158590]

[antihose]

[nopizzaaftermidnight]

[twofielder]

THIS COIN IS FAKE

I’ve been seeing this ad a lot on here today. And as a warning to everyone: it’s counterfeit.

Don’t buy coins from Tumblr ads please 🙏

[oilgasenergymagazine]

Silvercorp Metals: A Standout in Silver Mining Amid Rising Demand

Source: mining.com

Category: News

  

A Silver Surge Driven by Renewables and Geopolitics

Silvercorp Metals has capitalized on the remarkable growth in silver prices in 2024, with its price surging over 25% year-to-date (YTD). Industry analysts attribute this rise to a combination of factors, including increasing industrial demand, especially from electric vehicle (EV) manufacturers, and geopolitical uncertainties. The dollar index’s volatility and conflicts in regions like Ukraine and the Middle East further heightened the appeal of precious metals as a stable investment.

Beyond its traditional investment value, silver’s applications in emerging technologies have expanded. Its use in solar panels, electronics, and advanced healthcare technologies has supported demand growth. According to the Silver Institute, silver consumption for solar energy has more than tripled in five years, rising from 74.9 million ounces in 2019 to a projected 232 million ounces by the end of 2024. This aligns with the broader push for renewable energy and sustainability, positioning silver as a critical resource in the global transition to green energy.

Silvercorp Metals: Poised for Growth

Among leading silver mining stocks, Silvercorp Metals Inc. (NYSE:SVM) stands out for its potential in this thriving market. Industry experts foresee sustained demand for silver in renewable energy and electronics, offsetting uncertainties tied to global economic and monetary policies. Unlike gold, which sees only 10% of its output used industrially, over half of all silver production serves industrial applications. This diverse demand profile enhances silver’s long-term investment appeal.

In 2024, industrial demand for silver is projected to reach a record 700 million ounces, marking a 7% year-over-year increase. This milestone reflects strong growth in industrial applications, jewelry, and silverware. Meanwhile, mine production is expected to rise marginally by 1%, creating a favorable supply-demand dynamic for silver prices. Exchange-traded products (ETPs) tied to silver are also set for their first annual inflows in three years, fueled by anticipated interest rate cuts, periods of dollar weakness, and declining bond yields.

Production Outlook: A Global Perspective

Global silver production is expected to grow modestly by 1% in 2024, reaching 837 million ounces. Key contributors to this growth include Mexico, Chile, and the United States, offsetting reduced outputs from countries like Peru, Argentina, and China. Mexico, in particular, is projected to increase its production by 10 million ounces (a 5% year-over-year rise) to reach 209 million ounces. This uptick is driven by improved mill throughput and upgraded ventilation systems at Pan American Silver’s La Colorada mine, alongside a recovery at Newmont’s Peñasquito mine.

As silver continues to gain traction in industrial and renewable sectors, companies like Silvercorp Metals are well-positioned to capitalize on these trends. With industrial applications and investment demand soaring, the outlook for silver and leading miners in the industry appears promising, making stocks like Silvercorp an attractive consideration for investors.

[purplealbumoftheday]

today's purple album of the day is: Affection by Bullion!

[chasingrainbowsforever]

~ Silver and Gold ~

[adriantheanimator09]

WORDGIRL ALBUM COVER RECREATION:

Millencolin “Life On A Plate” (1996)

(I know 90% of Wordgirl Fans don’t know who Millencolin are)

[au-bullion]

2024 1 Oz Silver Maple Leaf Coin – Royal Canadian Mint

AU Bullion proudly introduces the 2024 1 oz Canadian Silver Maple Leaf Coins. Crafted to perfection, this Brilliant Uncirculated coin encompasses 1 troy ounce of .9999 pure silver. True to the Royal Canadian Mint’s legacy, this silver coin incorporates advanced security elements. This year, too, features the detailed micro-engraved maple leaf and the distinguishing radial lines.

Tracing back to 1908, the Royal Canadian Mint, formerly known as the Ottawa Branch, made its mark as one of the pioneering mints to produce coins with an unparalleled .9999 silver purity. Over the years, RCM has continued its tradition, producing the Silver Maple Leaf along with a diverse range of exquisite silver bullion coins.

[srkizer]

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